Latest / The Kākā by Bernard Hickey
When austerity worsens public debt & cuts GDP
Mōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast above and the daily Pick ‘n’ Mix below are:
* Finance Minister Nicola Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today, with bank economists forecasting Treasury will downgrade its GDP growth and tax forecasts, which will force the Government to increase its borrowing programme by $6 billion to $132 billion over the next four years. See news previews…
The skinny
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